So there is only one IPO scheduled for this week but don't let that scare you. Though this week may be a little quiet in IPO land, there are nine names that are lined up to go public, five of which may come at any point. This rush of IPO's to market has many feeling this sort of "last minute" rush to launch while the markets are wavering at highs. With global tensions rising, and a new President, many feel that if you were ever thinking of taking a company public, now is the time!
Select Energy Service (WTTR ) is a water services provider for the hydraulic fracturing industry. The Texas based company is seeking $175 million by offering 10.6 million shares at a range of $15- $18. The company has customers that include "major integrated and large E&P companies, which typically represent the largest producers in each of their areas." With over 1700 employees the company says that they generate most of their revenues by being the total water solution for their customers.
One of the five names that could launch at anytime and would likely steal the IPO markets attention is Carvana (CVNA ). They are a leading eComemerce platform for buying used cars but with a unique business model. Customers literally order their car online, using their platform. The customer can obtain financing and compare to other used cars. Once purchased, the website company will then deliver the car to your house. This no pressure type car transaction has gained in popularity over the years and Carvana's rapid growth can attest to that. The company will be seeking $300 million to further grow its operations.